Frequently Asked Questions.
Navigating financial decisions can be complex, but Veracity LD is here to make it simple. Below, we’ve answered some of the most frequently asked questions about our services, policies, and how we can help you secure a brighter financial future. If you don’t see your question here, feel free to reach out to our team for personalized support.
What types of life insurance do we offer?
Veracity LD offers several life insurance options, including Term Life, Whole Life, and Universal Life insurance. Each type is designed to meet different needs: Term Life provides affordable coverage for a set period, Whole Life offers lifetime coverage with cash value growth, and Universal Life combines insurance with investment options for more flexibility.
How can I decide which financial products are right for me?
We recommend starting with a Financial Needs Analysis, which we provide to all new clients. This analysis helps us understand your goals, current financial situation, and future needs, allowing us to recommend customized solutions that fit your life stage and goals.
Can I change my coverage or policy as my financial needs evolve?
Absolutely. Veracity LD understands that life circumstances change, and we’re here to help you adjust your coverage as needed. Many of our insurance and investment products offer flexibility, and our advisors are always available to review and update your plan as your needs evolve.
What is the difference between Whole Life and Universal Life insurance?
Whole Life insurance provides lifelong coverage with a guaranteed death benefit and builds cash value over time. This cash value grows at a fixed rate and can be accessed if needed. Universal Life insurance also offers lifetime coverage but includes a flexible investment component, allowing policyholders to adjust premiums and death benefits over time. Universal Life may suit those looking for both protection and an opportunity for potential growth through investments.
General Questions
Do You Have Any Questions?
How does Veracity LD’s retirement planning work?
Our retirement planning process involves understanding your retirement goals and creating a customized strategy using products like RRSPs, TFSAs, annuities, and investment options to help you achieve financial independence.
Does Veracity LD offer bilingual services?
Yes, we offer services in both English and French to serve clients across Canada, ensuring clear communication and understanding of our products.
What are segregated funds, and how do they differ from mutual funds?
Segregated funds are similar to mutual funds but provide additional benefits, such as principal guarantees and creditor protection. They combine investment growth potential with a level of protection, ideal for those looking to preserve their capital.
How frequently should I review my financial plan?
We recommend reviewing your financial plan annually or whenever a major life event occurs. This ensures that your financial strategy stays aligned with your goals and any changes in your life.
How do I get started with Veracity LD’s services?
To get started, simply contact us for a consultation. Our advisors will conduct a Financial Needs Analysis to understand your goals and recommend the best financial solutions tailored to your needs.
What is a Financial Needs Analysis, and why is it important?
A Financial Needs Analysis is a personalized assessment that helps identify your financial goals, current situation, and future needs. This helps us recommend services and products that best fit your life stage and objectives.
Can I change my coverage or investment plan after I start?
Yes, many of our plans are flexible. Our advisors are here to help you adjust your coverage or investment plan as your financial needs or life circumstances change.
Are my investment options secure with Veracity LD?
Yes, Veracity LD partners with trusted and reputable financial institutions to offer secure investment options that align with your financial goals and risk tolerance.
